Singer, environmentalist, campaigner for clean UK waterways
Emma Reynolds has written to regulator Ofwat, saying the creditors’ rescue bid for Thames Water is weak and could burden customers. The government favours a market-led solution but is watching for developments as Ofwat weighs options and Labour eyes potential nationalisation under a Burnham-led administration. Thames Water warns it has funds only until September while creditors seek to waive four years of penalties in exchange for a debt recapitalisation.
Labour leadership discussions have outlined a plan to reinvest in defence, increase transparency, and pursue a stronger, Europe-facing foreign policy, as Nimble leadership contest continues to unfold.